KRUS
Kura Sushi USA, Inc.51.97
-0.09-0.17%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
629.43MP/E (TTM)
-Basic EPS (TTM)
-0.16Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Kura Sushi USA swung to a $0.6M net profit in Q3 FY2025 ended May 31, 2025, from a $0.6M loss last year, as sales climbed 17.3% y/y to $74.0M on 13 new restaurants, though comparable sales dipped 2.1% from softer traffic. Restaurant operating costs edged up to 88.3% of sales, with labor at 33.1% amid wage hikes, yet food costs improved to 28.3% via pricing and supply chain tweaks. Operating loss narrowed to $0.2M from $1.2M, while YTD net loss widened 15.9% to $4.2M on $203.3M sales up 18.3% y/y, with diluted EPS at $(0.35) matching basic on 11,855K shares and 677K anti-dilutive awards excluded. Cash hit $47.1M plus $13.4M short-term investments after a $64.4M follow-on offering in November 2024, funding $36.7M capex; free cash flow stood at $5.1M (derived) from $15.3M operating cash minus capex, with $45.0M revolver available through 2028 and no debt. Expansion drives growth, but supply cost volatility poses risks.
8-K
Q3 sales rise, comps slip
Kura Sushi USA reported fiscal Q3 2025 results with total sales of $74.0 million, up from $63.1 million last year, yet comparable sales dipped 2.1% on weaker traffic. Operating loss narrowed to $0.2 million from $1.2 million, swinging to net income of $0.6 million, while restaurant-level profit hit $13.5 million at 18.2% of sales. Three new spots opened in Arizona, Washington, and Texas. Expansion drives growth, but traffic softness lingers.
8-K
Q2 sales up, comps down
Kura Sushi USA reported fiscal Q2 2025 sales of $64.9 million, up from $57.3 million last year, yet comparable sales dipped 5.3% on traffic weakness and weather hits. Operating loss widened to $4.6 million from $1.7 million, hit by a $2.1 million litigation settlement, while restaurant-level profit held at $11.2 million. Three new spots opened; full-year guidance sticks at $275-279 million sales and 14 units. Expansion rolls on.
10-Q
Q2 FY2025 results
Kura Sushi USA posted Q2 FY2025 sales of $64.9 million, up 13.3% year-over-year from $57.3 million, fueled by fourteen new restaurants, though comparable sales dipped 5.3% on softer traffic; restaurant operating costs climbed 15.2% to $58.4 million, pushing the operating loss to $4.6 million from $1.7 million, with labor costs as a percentage of sales edging up to 34.8% amid wage hikes. Gross margins held steady around 71.3%, but the net loss widened to $3.8 million or $(0.31) per diluted share on 12,073 thousand shares, consistent with anti-dilutive effects from 679 thousand stock awards. Operating cash flow for the half-year reached $8.6 million, supporting $23.1 million in capex for expansions, while a November 2024 follow-on offering netted $64.4 million in cash, bolstering the balance sheet to $85.2 million in cash equivalents and $15.1 million in long-term investments, with $45.0 million revolver availability extended to 2028. Yet litigation settlements, like the $2.1 million FLSA-related payout in February 2025, inflated G&A expenses. Supply chain disruptions from tariffs pose ongoing risks to food costs.
8-K
Annual meeting and RSU adoption
Kura Sushi USA held its 2025 annual meeting on January 23, electing directors Shintaro Asako, Treasa Bowers, Kim Ellis, Carin L. Stutz, and Hajime Uba with strong support, while ratifying KPMG as auditors and approving executive pay annually. That day, the board adopted a performance RSU form under its 2018 plan, tying awards to a three-year period on G&A as a percentage of sales, restaurant operating profit margin, and same-store sales growth—each weighted equally. Vesting demands continuous service plus hitting these metrics, with payouts from 50% to 150% of target. Committee discretion shapes final outcomes.
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